ICICIBANK
Icici Bank Ltd.
Max pain for ICICIBANK
03 Dec 2024 04:10 PM IST
Max Pain for ICICIBANK is 1300
Strike 1040 has a total call value of 0 versus a total put value of 260,849,400,000 Combined total value = 260,849,400,000
Strike 1050 has a total call value of 0 versus a total put value of 248,934,700,000 Combined total value = 248,934,700,000
Strike 1060 has a total call value of 0 versus a total put value of 237,020,000,000 Combined total value = 237,020,000,000
Strike 1070 has a total call value of 0 versus a total put value of 225,105,300,000 Combined total value = 225,105,300,000
Strike 1080 has a total call value of 0 versus a total put value of 213,190,600,000 Combined total value = 213,190,600,000
Strike 1090 has a total call value of 0 versus a total put value of 201,275,900,000 Combined total value = 201,275,900,000
Strike 1100 has a total call value of 0 versus a total put value of 189,361,200,000 Combined total value = 189,361,200,000
Strike 1110 has a total call value of 0 versus a total put value of 177,657,200,000 Combined total value = 177,657,200,000
Strike 1120 has a total call value of 0 versus a total put value of 165,953,200,000 Combined total value = 165,953,200,000
Strike 1130 has a total call value of 0 versus a total put value of 154,249,200,000 Combined total value = 154,249,200,000
Strike 1140 has a total call value of 0 versus a total put value of 142,545,200,000 Combined total value = 142,545,200,000
Strike 1150 has a total call value of 0 versus a total put value of 131,027,400,000 Combined total value = 131,027,400,000
Strike 1160 has a total call value of 21,000,000 versus a total put value of 119,892,500,000 Combined total value = 119,913,500,000
Strike 1170 has a total call value of 42,000,000 versus a total put value of 108,995,600,000 Combined total value = 109,037,600,000
Strike 1180 has a total call value of 63,000,000 versus a total put value of 98,348,600,000 Combined total value = 98,411,600,000
Strike 1190 has a total call value of 84,000,000 versus a total put value of 87,955,000,000 Combined total value = 88,039,000,000
Strike 1200 has a total call value of 105,000,000 versus a total put value of 77,720,300,000 Combined total value = 77,825,300,000
Strike 1210 has a total call value of 250,600,000 versus a total put value of 68,528,600,000 Combined total value = 68,779,200,000
Strike 1220 has a total call value of 396,200,000 versus a total put value of 59,565,800,000 Combined total value = 59,962,000,000
Strike 1230 has a total call value of 541,800,000 versus a total put value of 50,895,600,000 Combined total value = 51,437,400,000
Strike 1240 has a total call value of 730,100,000 versus a total put value of 42,529,200,000 Combined total value = 43,259,300,000
Strike 1250 has a total call value of 972,300,000 versus a total put value of 34,747,300,000 Combined total value = 35,719,600,000
Strike 1260 has a total call value of 1,304,800,000 versus a total put value of 27,795,600,000 Combined total value = 29,100,400,000
Strike 1270 has a total call value of 1,751,400,000 versus a total put value of 21,510,300,000 Combined total value = 23,261,700,000
Strike 1280 has a total call value of 2,294,600,000 versus a total put value of 15,717,800,000 Combined total value = 18,012,400,000
Strike 1290 has a total call value of 3,184,300,000 versus a total put value of 10,969,700,000 Combined total value = 14,154,000,000
Strike 1300 has a total call value of 4,470,200,000 versus a total put value of 6,847,400,000 Combined total value = 11,317,600,000
Strike 1310 has a total call value of 7,637,700,000 versus a total put value of 4,553,500,000 Combined total value = 12,191,200,000
Strike 1320 has a total call value of 12,026,700,000 versus a total put value of 2,959,600,000 Combined total value = 14,986,300,000
Strike 1330 has a total call value of 17,782,800,000 versus a total put value of 1,827,000,000 Combined total value = 19,609,800,000
Strike 1340 has a total call value of 24,463,600,000 versus a total put value of 967,400,000 Combined total value = 25,431,000,000
Strike 1350 has a total call value of 35,381,500,000 versus a total put value of 565,600,000 Combined total value = 35,947,100,000
Strike 1360 has a total call value of 47,803,000,000 versus a total put value of 388,500,000 Combined total value = 48,191,500,000
Strike 1370 has a total call value of 60,992,400,000 versus a total put value of 269,500,000 Combined total value = 61,261,900,000
Strike 1380 has a total call value of 74,624,900,000 versus a total put value of 150,500,000 Combined total value = 74,775,400,000
Strike 1390 has a total call value of 88,841,200,000 versus a total put value of 74,900,000 Combined total value = 88,916,100,000
Strike 1400 has a total call value of 103,319,300,000 versus a total put value of 0 Combined total value = 103,319,300,000
Strike 1410 has a total call value of 119,612,500,000 versus a total put value of 0 Combined total value = 119,612,500,000
Strike 1420 has a total call value of 136,236,800,000 versus a total put value of 0 Combined total value = 136,236,800,000
Strike 1430 has a total call value of 154,470,400,000 versus a total put value of 0 Combined total value = 154,470,400,000
Strike 1440 has a total call value of 172,704,000,000 versus a total put value of 0 Combined total value = 172,704,000,000
Strike 1450 has a total call value of 191,627,800,000 versus a total put value of 0 Combined total value = 191,627,800,000
Strike 1460 has a total call value of 210,551,600,000 versus a total put value of 0 Combined total value = 210,551,600,000
Strike 1470 has a total call value of 229,548,900,000 versus a total put value of 0 Combined total value = 229,548,900,000
Strike 1480 has a total call value of 248,546,200,000 versus a total put value of 0 Combined total value = 248,546,200,000
Max-Pain Table for Monthly Expiry
| Max Pain | ||
|---|---|---|
| Symbol | Symbol Ltp | Max Pain |
| AARTIIND | 445.1 | 460 |
| ABB | 7537.55 | 7500 |
| ABBOTINDIA | 28441.05 | 28000 |
| ABCAPITAL | 199.47 | 200 |
| ABFRL | 316.3 | 320 |
| ACC | 2291.7 | 2300 |
| ADANIENSOL | 801.85 | 800 |
| ADANIENT | 2514.2 | 2540 |
| ADANIGREEN | 1312.8 | 1300 |
| ADANIPORTS | 1288.65 | 1240 |
| ALKEM | 5637.35 | 5600 |
| AMBUJACEM | 566.55 | 550 |
| ANGELONE | 3077.05 | 3000 |
| APLAPOLLO | 1556.8 | 1500 |
| APOLLOHOSP | 7126.55 | 7000 |
| APOLLOTYRE | 521.45 | 510 |
| ASHOKLEY | 235.18 | 230 |
| ASIANPAINT | 2469.4 | 2500 |
| ASTRAL | 1845.7 | 1840 |
| ATGL | 766.25 | 780 |
| ATUL | 7396.45 | 7300 |
| AUBANK | 594.85 | 590 |
| AUROPHARMA | 1264.3 | 1260 |
| AXISBANK | 1160.5 | 1150 |
| BAJAJ-AUTO | 9161.8 | 9200 |
| BAJAJFINSV | 1607.1 | 1600 |
| BAJFINANCE | 6675.45 | 6800 |
| BALKRISIND | 2842.2 | 2800 |
| BANDHANBNK | 175.27 | 175 |
| BANKBARODA | 254.55 | 250 |
| BANKINDIA | 114.02 | 110 |
| BATAINDIA | 1425.9 | 1400 |
| BEL | 312.1 | 305 |
| BERGEPAINT | 482.15 | 490 |
| BHARATFORG | 1350.4 | 1340 |
| BHARTIARTL | 1620.55 | 1600 |
| BHEL | 252.35 | 250 |
| BIOCON | 373.85 | 365 |
| BOSCHLTD | 34923.7 | 35000 |
| BPCL | 294.25 | 295 |
| BRITANNIA | 4909.6 | 4950 |
| BSE | 4513.8 | 4600 |
| BSOFT | 601.45 | 600 |
| CAMS | 5120.2 | 5000 |
| CANBK | 105.12 | 104 |
| CANFINHOME | 834.6 | 830 |
| CDSL | 1663.9 | 1660 |
| CESC | 184.28 | 180 |
| CGPOWER | 761.3 | 750 |
| CHAMBLFERT | 525.1 | 510 |
| CHOLAFIN | 1253.65 | 1260 |
| CIPLA | 1533.9 | 1540 |
| COALINDIA | 422.1 | 420 |
| COFORGE | 8718.25 | 8600 |
| COLPAL | 2896.25 | 2900 |
| CONCOR | 839.85 | 840 |
| COROMANDEL | 1777.5 | 1780 |
| CROMPTON | 409.15 | 410 |
| CUB | 182.9 | 180 |
| CUMMINSIND | 3512.3 | 3500 |
| CYIENT | 1876.6 | 1600 |
| DABUR | 522.55 | 530 |
| DALBHARAT | 1930.8 | 1880 |
| DEEPAKNTR | 2627 | 2700 |
| DELHIVERY | 341.15 | 340 |
| DIVISLAB | 6210.55 | 6150 |
| DIXON | 16866.45 | 16000 |
| DLF | 846.95 | 830 |
| DMART | 3829.85 | 3750 |
| DRREDDY | 1224.5 | 1220 |
| EICHERMOT | 4844.35 | 4900 |
| ESCORTS | 3517.05 | 3600 |
| EXIDEIND | 455.55 | 450 |
| FEDERALBNK | 209.96 | 210 |
| GAIL | 199.99 | 200 |
| GLENMARK | 1559.4 | 1540 |
| GMRINFRA | 83.61 | 84 |
| GNFC | 637.15 | 640 |
| GODREJCP | 1230.45 | 1240 |
| GODREJPROP | 2862.55 | 2850 |
| GRANULES | 534.15 | 560 |
| GRASIM | 2714 | 2640 |
| GUJGASLTD | 497.8 | 480 |
| HAL | 4518.85 | 4500 |
| HAVELLS | 1757.2 | 1740 |
| HCLTECH | 1890.75 | 1880 |
| HDFCAMC | 4258.3 | 4250 |
| HDFCBANK | 1826.3 | 1800 |
| HDFCLIFE | 634 | 650 |
| HEROMOTOCO | 4697 | 4800 |
| HFCL | 130.18 | 130 |
| HINDALCO | 667.55 | 660 |
| HINDCOPPER | 284.7 | 280 |
| HINDPETRO | 384.55 | 385 |
| HINDUNILVR | 2482.85 | 2500 |
| HUDCO | 235.54 | 230 |
| ICICIBANK | 1308.4 | 1300 |
| ICICIGI | 1896.35 | 1900 |
| ICICIPRULI | 684.2 | 700 |
| IDEA | 8.21 | 8 |
| IDFCFIRSTB | 65.2 | 65 |
| IEX | 178.1 | 177.5 |
| IGL | 361.25 | 340 |
| INDHOTEL | 806.65 | 790 |
| INDIAMART | 2357.55 | 2350 |
| INDIANB | 579.9 | 580 |
| INDIGO | 4405.5 | 4400 |
| INDUSINDBK | 998.35 | 1000 |
| INDUSTOWER | 353.9 | 350 |
| INFY | 1892.1 | 1900 |
| IOC | 139.51 | 140 |
| IPCALAB | 1502.75 | 1540 |
| IRB | 55.04 | 53 |
| IRCTC | 831.85 | 830 |
| IRFC | 148.2 | 147.5 |
| ITC | 472.55 | 475 |
| JINDALSTEL | 925.8 | 910 |
| JIOFIN | 340.35 | 330 |
| JKCEMENT | 4647.4 | 4500 |
| JSL | 716.05 | 700 |
| JSWENERGY | 642.95 | 650 |
| JSWSTEEL | 998.8 | 980 |
| JUBLFOOD | 657.05 | 650 |
| KALYANKJIL | 726.85 | 720 |
| KEI | 4340.25 | 4300 |
| KOTAKBANK | 1749.9 | 1780 |
| KPITTECH | 1430.7 | 1400 |
| LALPATHLAB | 2972.9 | 3050 |
| LAURUSLABS | 580.7 | 560 |
| LICHSGFIN | 635.35 | 640 |
| LICI | 969.75 | 980 |
| LODHA | 1296.3 | 1300 |
| LT | 3787.05 | 3700 |
| LTF | 145.62 | 145 |
| LTIM | 6167 | 6200 |
| LTTS | 5316.55 | 5300 |
| LUPIN | 2081.65 | 2060 |
| M&M | 3027.3 | 3000 |
| M&MFIN | 285.3 | 280 |
| MANAPPURAM | 164.19 | 162.5 |
| MARICO | 641.7 | 640 |
| MARUTI | 11279.25 | 11200 |
| MAXHEALTH | 1034.35 | 1000 |
| MCX | 6216.5 | 6200 |
| METROPOLIS | 2076.35 | 2100 |
| MFSL | 1142.35 | 1140 |
| MGL | 1278.25 | 1240 |
| MOTHERSON | 166.2 | 167.5 |
| MPHASIS | 3018.95 | 3000 |
| MRF | 125585.05 | 125000 |
| MUTHOOTFIN | 1932.8 | 1920 |
| NATIONALUM | 246.87 | 242.5 |
| NAUKRI | 8472.5 | 8300 |
| NAVINFLUOR | 3586.85 | 3550 |
| NCC | 314.5 | 310 |
| NESTLEIND | 2261.7 | 2300 |
| NHPC | 81.98 | 81 |
| NMDC | 235.68 | 235 |
| NTPC | 367.45 | 365 |
| NYKAA | 171.88 | 170 |
| OBEROIRLTY | 2060.35 | 2000 |
| OFSS | 12524.85 | 12000 |
| OIL | 490.3 | 480 |
| ONGC | 262.35 | 259 |
| PAGEIND | 46143.25 | 45500 |
| PAYTM | 902.6 | 900 |
| PEL | 1236.5 | 1200 |
| PERSISTENT | 6041.3 | 6000 |
| PETRONET | 339.3 | 333 |
| PFC | 501.15 | 490 |
| PIDILITIND | 3149 | 3100 |
| PIIND | 4138.1 | 4100 |
| PNB | 107.97 | 106 |
| POLICYBZR | 1926.25 | 1800 |
| POLYCAB | 7412.5 | 7200 |
| POONAWALLA | 348.55 | 350 |
| POWERGRID | 329.65 | 330 |
| PRESTIGE | 1724.15 | 1700 |
| PVRINOX | 1598.3 | 1560 |
| RAMCOCEM | 1040.1 | 1000 |
| RBLBANK | 162.71 | 155 |
| RECLTD | 539.7 | 530 |
| RELIANCE | 1323.3 | 1310 |
| SAIL | 122.79 | 120 |
| SBICARD | 704.4 | 700 |
| SBILIFE | 1440.95 | 1440 |
| SBIN | 853.95 | 840 |
| SHREECEM | 27159.35 | 26750 |
| SHRIRAMFIN | 3155.55 | 3100 |
| SIEMENS | 7731 | 7500 |
| SJVN | 117.03 | 115 |
| SONACOMS | 672.7 | 680 |
| SRF | 2311.25 | 2300 |
| SUNPHARMA | 1800.05 | 1800 |
| SUNTV | 774.5 | 760 |
| SUPREMEIND | 4763 | 4600 |
| SYNGENE | 934.85 | 930 |
| TATACHEM | 1136.4 | 1120 |
| TATACOMM | 1807.9 | 1800 |
| TATACONSUM | 955 | 960 |
| TATAELXSI | 7098.55 | 7000 |
| TATAMOTORS | 801.25 | 800 |
| TATAPOWER | 428.55 | 425 |
| TATASTEEL | 146.54 | 150 |
| TCS | 4302.75 | 4300 |
| TECHM | 1749.5 | 1740 |
| TIINDIA | 3620.15 | 3600 |
| TITAN | 3332.75 | 3300 |
| TORNTPHARM | 3363.1 | 3300 |
| TRENT | 6841.35 | 6800 |
| TVSMOTOR | 2556.2 | 2500 |
| UBL | 1955.85 | 1940 |
| ULTRACEMCO | 11852.35 | 11500 |
| UNIONBANK | 126.06 | 124 |
| UNITDSPR | 1542.95 | 1500 |
| UPL | 563.1 | 556.35 |
| VBL | 621.1 | 610 |
| VEDL | 468.35 | 460 |
| VOLTAS | 1688.15 | 1700 |
| WIPRO | 291.65 | 290 |
| YESBANK | 20.84 | 20 |
| ZOMATO | 279.85 | 270 |
| ZYDUSLIFE | 982.1 | 980 |
Note:
| Stock LTP > Max Pain | Bearish Trend |
| Stock LTP < Max Pain | Bullish Trend |
What is Max Pain?
Max pain, or the max pain price, is the strike price with the most open contract puts and calls - and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
Calculating Max Pain
Max pain is a simple but time consuming calculation. Essentially, it is the sum of the outstanding put and call dollar value of each in-the-money strike price. For each in-the-money strike price for both puts and calls:
- Find the difference between stock price and strike price
- Multiply the result by open interest at that strike
- Add together the dollar value for the put and call at that strike
- Repeat for each strike price
- Find the highest value strike price. This price is equivalent to max pain price.
How can a trader benefit?
As the option expiration approaches, option writers will try to buy or sell shares of stock to drive the price toward a closing price that is profitable for them, or at least to hedge their payouts to option holders. Call writers sell shares to drive share price down and Put holders buy shares to drive share price up. The max pain strike price exists somewhere in the middle.
